Bitcoin Climbs Above $64,000, Tracking Tech-Led Market Rally
The world's largest cryptocurrency recovered alongside a rally in U.S. technology stocks, which bolstered investor risk appetite and eased concerns over recent geopolitical tensions.
Latest by Yuki Tanaka
Kitron Q2 Revenue Surges 72% on Strong Defense Sector Demand
Scandinavian electronics manufacturer Kitron reported a 72% year-over-year revenue increase for the second quarter, beating analyst estimates on the back of accelerating demand from the defense and aerospace industries.
Japanese Yen Surges on Potential Shift in Pension Fund Strategy
The yen strengthened significantly after Japan's finance minister indicated the world's largest pension fund would be encouraged to buy more domestic assets. The move, along with strong inflation data, weighed on the U.S. dollar.
Morgan Stanley Names Marks and Spencer New Top European Retail Pick
Morgan Stanley has upgraded Marks and Spencer to 'Overweight' and designated it a new top pick, citing market share gains, cost-saving initiatives, and a compelling valuation.
SK Hynix's $26.5 Billion US Listing Yields $260 Million Fee Windfall for Banks
Investment banks leading the South Korean chipmaker's massive U.S. share sale secured a fee pool of nearly $260 million, representing a proportionally larger payday than last month's record SpaceX IPO.
OpenAI Applications Chief Fidji Simo to Step Down, Citing Health Reasons
Fidji Simo, who also sits on the company's board, will transition to a part-time advisory role after an extended medical leave for a chronic illness.
MOEX Russia Index Hits 3-Year Low on Broad-Based Sector Declines
Russia's benchmark stock index fell 1.62% on Thursday, reaching its lowest point in three years, as weakness in the oil & gas, power, and mining sectors dragged the market lower.
Trump Administration Initiates Section 232 Action on Aerospace Imports, Sets 180-Day Negotiation Deadline
The Trump administration has invoked Section 232 national security powers to launch trade negotiations on aerospace imports, including aircraft and engines. Trading partners have 180 days to reach an agreement before potential tariffs are considered.
Mexican Stocks Close Lower as S&P/BMV IPC Index Drops 0.75%
Mexico's benchmark S&P/BMV IPC stock index ended Thursday's session down 0.75%, pressured by losses in the industrial and consumer sectors. The decline came amid a mixed day for commodities and a slightly stronger peso.